Get a Leg Up on the Property Buying Competition

by Nancy Brenseke 04/07/2019

If you are in hot pursuit of your dream home, it is important to do everything you can to gain a leg up on the competition. That way, you can acquire your ideal residence as quickly as possible.

Now, let's take a look at three tips to help you gain a competitive advantage over your homebuying rivals.

1. Keep Track of the Local Housing Market

The top houses sell immediately, and as such, you may need to act fast to find and purchase your dream residence. If you keep track of the local housing market, however, you will be better equipped than other buyers to instantly acquire a house that suits you perfectly.

Monitor the housing market in cities and towns where you want to reside. Then, if you find a house you may want to buy, don't hesitate to set up a showing. And if you like what you see, you should submit a competitive offer to purchase this residence.

2. Get Your Finances in Order

Entering the housing market with pre-approval for a mortgage usually is a good idea. Because if you know how much you can spend on a residence, you can tailor your house search accordingly.

To get pre-approved for a mortgage, you should meet with a variety of banks and credit unions. Find out what mortgage options are available, and learn how different types of home financing work. Next, you can select a mortgage that enables you to begin your house search with a budget in hand.

Of course, if you have any concerns or questions about home financing, you should address them right away. If you speak with mortgage specialists at a bank or credit union, you can get the insights you need to make an informed mortgage selection.

3. Employ a Real Estate Agent

A real estate agent is a difference-maker, particularly for a homebuyer who is shopping for a residence in a fierce housing market. Typically, a real estate agent will work with a buyer to craft an in-depth property buying strategy. A real estate agent and homebuyer then will work together to put this plan into action and streamline the property buying journey.

In addition, a real estate agent offers guidance at each stage of the homebuying cycle. He or she first will help you hone your home search to a select group of cities and towns. A real estate agent next will keep you informed about houses that become available that match your homebuying criteria. If you find a house you want to purchase, a real estate agent will help you submit an aggressive property buying proposal. And if your offer to buy a home is accepted, a real estate agent will make it simple for you to finalize your house purchase.

As you get ready to pursue your dream residence, you should devote plenty of time and resources to prepare. Thanks to the aforementioned tips, you can prep for the homebuying journey, gain a competitive advantage over rival buyers and accelerate your house search.

About the Author
Author

Nancy Brenseke

I love the ocean, sand and sunshine! That's why I call Hilton Head Island/Bluffton my home! I relocated to Hilton Head Island over 20 years ago from North Carolina after graduating from East Carolina University - Go Pirates! I continue to be successful in real estate for the past 13 Years and with my experience working with top resorts and gated communities, I have cultivated attention to detail, understand the importance of listening first and have the positive "Can Do" attitude in all situations. I offer my sellers and buyers the BEST advice to achieve their real estate goals. I enjoy spending time with my family boating on the May River, attending festivals along Old Town Bluffton and building sandcastles on HHI beaches.  

"Nancy Brenseke is the type of realtor that everyone should contract to sell their property. She is very knowledgeable and gave us valuable information when listing the townhome. The whole process went smoothly and Nancy was responsible for that. She always communicated with us which kept us confident that all aspects of the closing were under control and on track. I highly recommend Nancy Brenseke." ~ Deb Bluffton, SC

"I would highly recommend using Nancy for your real estate needs. She is extremely knowledgeable and responsive. Nancy's representation is top-notch." ~ Jill - Nashville, TN

"Nancy went the extra mile on everything around selling the condo. I would use her again and would recommend her to anyone I come in contact with. Our condo sold in 1 day! She was excellent and hardworker. She helped in all aspects of selling, from marketing with great number of pictures, to home inspection with helping us find contractors to fix the inspection issue so were were able to close." Eric - Cumming, GA